CBIC notifies 01st October, 2025 as effective date for GST amendments as introduced under Finance Act, 2025

The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No.16/2025 to appoint 01st October, 2025 as the effective date for below mentioned amendments as introduced under Goods and Services Tax Act, 2017 through Finance Act, 2025.

Time of supply in case of supply of vouchers by a supplier

Time of supply of vouchers by a supplier i.e.

(a) the date of issue of voucher, if the supply is identifiable at that point; or

(b) the date of redemption of voucher, in all other cases shall stand omitted.

Revision in the provision for reduction in the output tax liability of the supplier

No reduction in output tax liability of the supplier shall be permitted, if the

1. input tax credit as is attributable to such a credit note, if availed, has not been reversed by the recipient, where such recipient is a registered person; or
2. incidence of tax on such supply has been passed on to any other person, in other cases.

New section inserted for track and trace mechanism of certain goods

Introduction of section 148A for track and trace mechanism and person in contravention of the said provision shall, in addition to any penalty under Chapter XV or the provisions of this Chapter, be liable to pay a penalty equal to an amount of one lakh rupees or ten per cent. of the tax payable on such goods, whichever is higher.

Insertion of definition of Unique Identification Marking

New definition inserted as “Unique Identification Marking” means the unique identification marking referred to in clause (b) of sub-section (2) of section 148A and includes a digital stamp, digital mark or any other similar marking, which is unique, secure and non-removable.

Revision under Schedule III of the CGST Act, 2017

New clause inserted under Paragraph 8 of the schedule wherein supply of goods warehoused in a Special Economic Zone or in a Free Trade Warehousing Zone to any person before clearance for exports or to the Domestic Tariff Area shall neither be treated as supply of goods nor as a supply of service.

No refund of tax

No refund of tax already paid will be available in case of supply of goods warehoused in a Special Economic Zone or in a Free Trade Warehousing Zone to any person before clearance for exports or to the Domestic Tariff Area.

Source: CBIC